MIAMI--(BUSINESS WIRE)--Consor Holdings LLC ("Consor"), a leading North American transportation and water infrastructure engineering and consulting firm, today announced the appointment of Dr. Hisham Mahmoud as Chairman of the Board. In June of this year, Consor received a significant investment from affiliates of New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with nearly $55 billion in assets under management, to support the firm’s growth strategy.
As Chairman, Dr. Mahmoud brings proven expertise in scaling organizations that complement Consor’s vision for the firm’s next phase of market leadership. Spanning over 35 years in the engineering and construction industry, Dr. Mahmoud’s career features an impressive track record building, leading, and transforming companies and consistently delivering extraordinary results. He is a Senior Advisor to New Mountain, where he plays a key role in shaping and supporting their infrastructure services industry strategy. Dr. Mahmoud continues to serve as the Chairman of the Board of Qualus Corporation (“Qualus”), a leading pure-play power services firm and an innovator at the forefront of the energy transition, and as the Chairman of the Board of Cumming Group (“Cumming”), a leading pure-play international project management and cost consulting firm. Both firms are backed by New Mountain.
Lars Johansson and Joe Walker, Managing Directors at New Mountain, said, “through the development and execution of winning strategies in partnership with management, Hisham has been instrumental in shaping and positioning both Qualus and Cumming as industry leaders in their respective spaces and creating significant value in the process. We all have ambitious plans for Consor and are confident that Hisham will make a meaningful contribution to the firm’s long-term success.”
“Hisham brings a new level of strategic insight to Consor with his deep knowledge and experience in the industry. Our leadership team is excited about how he will drive our long-term vision forward, which includes our commitment to investing in our people and communities,” said Chris Rayasam, Consor’s President and Chief Executive Officer. “With this partnership, I have the rare opportunity to work with and learn from one of the best in the industry. I am honored and looking forward to building our company together.”
“Chris is an exceptional leader. I am excited to partner with him and Consor’s leadership team in maximizing the firm’s full potential through this next phase of its impressive growth journey,” said Dr. Mahmoud. “Consor is an emerging market leader with roots dating back over 40 years. In partnering with New Mountain, the firm is uniquely positioned to significantly elevate its differentiated market position.”
About Consor
Consor is a leading North American transportation and water infrastructure consulting firm offering planning, engineering design, structural assessment, program management, and construction services. Consor has deep relationships with state departments of transportation, municipalities, utilities and other public and private clients throughout the United States and Canada. With over 1,700 employees, Consor is focused on going above, below, and beyond the surface to move people and communities forward by maintaining and improving critical infrastructure. For more information on Consor, please visit https://www.consoreng.com/.
About New Mountain Capital
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit and net lease investment strategies with over $50 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit https://www.newmountaincapital.com/.
